monetary impotence
The inability of monetary policy to effect its goals, embodied by an absence of…The inability of monetary policy to effect its goals, embodied by an absence of response by GDP to a change in the money supply or in interest rates.
Meaning
1 senses(uncountable)The inability of monetary policy to effect its goals, embodied by an absence of response by GDP to a change in the money supply or in interest rates.
Word family
3 related wordsLessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable